Do you know exactly what you need from your business in order to retire .
Whether you plan to:

Sell your business

Keep your business but have others run it

Close your business.

You need to set the right goals so you can someday retire.
In this module, you learn:

What exactly do you need to retire?

Is your business capable of providing that income?

The valuation required for your retirement

Your current valuation

Gap analysis: What makes up the difference between your current valuation and target valuation.

This module focuses on what is required to generate the assets needed so you can live on the interest payments only when you retire. In this this way you do not have to worry about outliving your retirement dollars as the principal remains untouched. So, if you live for 10 years or 100 years after retirement, it wouldn’t matter as you have enough assets to cover your lifestyle.
What is included

A manual in word format with detailed video instructions and valuable tips

This simple template will help you create a printable personal financial statement.
This is useful if your bank requires an annual personal financial statement update.
This can be printed, signed and handed over to your banker.

Being self-employed could be overwhelming but proper planning you can stay ahead of the game. The expense tracker template was specifically designed for self employed individuals who have no system of keeping track of expenses.
The first step to a successful tax year, in preparation and savings, is getting and keeping organized financially. It is very easy to lose track of expenses during the year. Use templates like the expense tracker template to keep track of your expenses including home office deductions. The expense tracker template uses the same expense categories as the IRS form schedule C.

This business budget template is designed for the business owner who sells products.
It addresses the various steps a product business goes through to make a profit.
This template includes the following budgets:

The sales budget

The production budget ( number of units to make or purchase in order to meet sales goal)

The material purchase budget

The direct labor budget

The production overhead budget

The selling and administrative budget

The income statement

Break even analysis

What-if analysis

Accounts receivable schedule

Accounts payable schedule

Cash flow analysis

All budgets are inter-related so you only have to enter your data once.
This template can be customized to suit your business needs.

What would you do if the IRS picked you for an audit?

Do you have all the documentation required to protect you?
Using this template along side with this free course , you can speed up the audit process.
Good documentation not only helps with an audit but forms the basis of good financial planning.
With this package you get:
Policies and procedure template: This forms the basis on which your books are kept. The policies discussed in the template are:

General policies

Revenue

Expenses

Inventory

Cash management

Fixed assets

Capitals or loans

Chart of accounts

Employee benefits including the new employer credit for paid family and medical leave

If you are looking for a budget spreadsheet where you can enter your projected income and expenses and the spreadsheet automatically calculates cash flow, tax liabilities and analyzes the numbers with some important metrics then this spreadsheet is for you.
When budgeting it is not only important to project income and expenses but how this projection affects your desired outcome. Budgeting an increase in revenue without the corresponding increases in expenses or effect on cash flow is not very effective. In this spreadsheet, you can modify the budget by making assumptions in the what if analysis tab.
This package includes sub budget worksheets to compute details for:

What would you do if the IRS picked you for an audit?

Do you have all the documentation required to protect you?
Using this template along side with this free course , you can speed up the audit process.
Good documentation not only helps with an audit but forms the basis of good financial planning.
With this package you get:
Policies and procedure template: This forms the basis on which your books are kept. The policies discussed in the template are:

General policies

Revenue

Expenses

Inventory

Cash management

Fixed assets

Capitals or loans

Chart of accounts

Employee benefits including the new employer credit for paid family and medical leave

Shareholders of a corporation must hold shareholder meeting once a year. Even if you are not a corporation, having an annual meeting is a great way to look at the rear view mirror and make good plans.
The annual meeting is a great way to document important decisions such as:

Owners compensation

Distributions/ dividends

Capital needs

Employee benefits.

This template runs you through planning and running your annual meeting.
In this template you will get:

Monetize all processes to find areas where the same functions can be delivered at less cost!

The internal processes is one of the main areas a business gains competitive advantage over another. It should never be something created and set in stone. It should be a living, searchable document with consistent update. Evaluating the internal processes, should be point of discussion at least once a year during the strategic business process.
There is always a new technology that can improve processes. Consistent training and education about latest development is important to stay cutting edge. Having a system of continuous improvement, puts you way ahead of the competition. As a result be sure to monetize all processes to find areas where the same functions can be delivered at less cost.
This template can analyze up to 12 services with 15 processes.

Shareholders of a corporation must hold shareholder meeting once a year. Even if you are not a corporation, having an annual meeting is a great way to look at the rear view mirror and make good plans.
The annual meeting is a great way to document important decisions such as:

Owners compensation

Distributions/ dividends

Capital needs

Employee benefits.

This template runs you through planning and running your annual meeting.
In this template you will get:

What would you do if the IRS picked you for an audit?

Do you have all the documentation required to protect you?
Using this template along side with this free course , you can speed up the audit process.
Good documentation not only helps with an audit but forms the basis of good financial planning.
With this package you get:
Policies and procedure template: This forms the basis on which your books are kept. The policies discussed in the template are:

General policies

Revenue

Expenses

Inventory

Cash management

Fixed assets

Capitals or loans

Chart of accounts

Employee benefits including the new employer credit for paid family and medical leave

If you are looking for a budget spreadsheet where you can enter your projected income and expenses and the spreadsheet automatically calculates cash flow, tax liabilities and analyzes the numbers with some important metrics then this spreadsheet is for you.
When budgeting it is not only important to project income and expenses but how this projection affects your desired outcome. Budgeting an increase in revenue without the corresponding increases in expenses or effect on cash flow is not very effective. In this spreadsheet, you can modify the budget by making assumptions in the what if analysis tab.
This package includes sub budget worksheets to compute details for:

If you are looking for a budget spreadsheet where you can enter your projected income and expenses and the spreadsheet automatically calculates cash flow, tax liabilities and analyzes the numbers with some important metrics then this spreadsheet is for you.
When budgeting it is not only important to project income and expenses but how this projection affects your desired outcome. Budgeting an increase in revenue without the corresponding increases in expenses or effect on cash flow is not very effective. In this spreadsheet, you can modify the budget by making assumptions in the what if analysis tab.

This business budget template is designed for the business owner who sells products.
It addresses the various steps a product business goes through to make a profit.
This template includes the following budgets:

The sales budget

The production budget ( number of units to make or purchase in order to meet sales goal)

The material purchase budget

The direct labor budget

The production overhead budget

The selling and administrative budget

The income statement

Break even analysis

What-if analysis

Accounts receivable schedule

Accounts payable schedule

Cash flow analysis

All budgets are inter-related so you only have to enter your data once.
This template can be customized to suit your business needs.

What should your potential size be?
This workbook is designed to help the business owner who is not really interested in growing a multi national corporation, but simply wants a business that supports both needs and wants and financial freedom goals
The dashboard calculates what the potential size of your business should be and estimating If your idea is capable of growing to that size.
This workbook will help the entrepreneur do four things:
1) Gain laser focus by knowing what is required from his business i.e. what the potential size should be
2) Jump start the planning process by giving the entrepreneur measurements he/she can use against his plans
3) Discard any plans that does not measure up to the ideal size.
4) Estimate whether the opportunity currently pursued is big enough to meet the retirement goals
In this workbook you will find:
Dashboard
Validate
Conclusion

While running your business we often run into tools that could help us do our business better. We start a subscription, use the tool for a couple of months and sometimes choose to abandon the tool. The only problem is we sometimes forget to cancel the subscription. As a result, we carry expenses on our books that no longer bears fruit for our business.
To combat this problem, use this worksheet to track your ongoing subscriptions. To be effective, you will need to have a dues and subscription line item in your accounting software where you track all subscriptions. On a monthly basis, compare the total on the spreadsheet with the total of the line item in your financial software. Be sure to investigate any differences as this may be cancelled subscriptions that are still being charged to your account.
This little change can save thousands over a couple of years. It’s amazing how little expenses can add up to big expenses over time.

Being self-employed could be overwhelming but proper planning you can stay ahead of the game. The expense tracker template was specifically designed for self employed individuals who have no system of keeping track of expenses.
The first step to a successful tax year, in preparation and savings, is getting and keeping organized financially. It is very easy to lose track of expenses during the year. Use templates like the expense tracker template to keep track of your expenses including home office deductions. The expense tracker template uses the same expense categories as the IRS form schedule C.

Your personal goals have a direct influence on how you run your business. The bottom line is your business should be able to provide for your financial freedom. To make this happen you first have to put a number on those goals.

The template helps you compute what your business goals should be based on your long term intentions

This workbook will help the entrepreneur:

1) Gain laser focus by knowing what is required from his business i.e. what the potential size should be

2) Jump start the planning process by giving the entrepreneur measurements he/she can use against his plans

A lot of us are so busy, and we do not always look back at all our past transactions to see where we might be missing some tax deductions. A place where deductions love to hide is the balance sheet. Accounts like receivables, payables and fixed assets are some of the big ones.
Use this spreadsheet to find some hidden deductions in your balance sheet.
Also use for accrual to cash basis conversion.

Monetize all processes to find areas where the same functions can be delivered at less cost!

The internal processes is one of the main areas a business gains competitive advantage over another. It should never be something created and set in stone. It should be a living, searchable document with consistent update. Evaluating the internal processes, should be point of discussion at least once a year during the strategic business process.
There is always a new technology that can improve processes. Consistent training and education about latest development is important to stay cutting edge. Having a system of continuous improvement, puts you way ahead of the competition. As a result be sure to monetize all processes to find areas where the same functions can be delivered at less cost.
This template can analyze up to 12 services with 15 processes.

This simple template will help you create a printable personal financial statement.
This is useful if your bank requires an annual personal financial statement update.
This can be printed, signed and handed over to your banker.

Do you know exactly what you need from your business in order to retire .
Whether you plan to:

Sell your business

Keep your business but have others run it

Close your business.

You need to set the right goals so you can someday retire.
In this module, you learn:

What exactly do you need to retire?

Is your business capable of providing that income?

The valuation required for your retirement

Your current valuation

Gap analysis: What makes up the difference between your current valuation and target valuation.

This module focuses on what is required to generate the assets needed so you can live on the interest payments only when you retire. In this this way you do not have to worry about outliving your retirement dollars as the principal remains untouched. So, if you live for 10 years or 100 years after retirement, it wouldn’t matter as you have enough assets to cover your lifestyle.
What is included

A manual in word format with detailed video instructions and valuable tips

The master budget consists of various sub interrelated budgets. The goal is to deeply think of all areas affecting the business goals and develop a plan of action to meet those goals.
The master budget starts with projecting sales. After sales projections the following sub-budgets are created:

Production budget: computes how many units should be produced to meet the sales goals

Raw materials budget: computes how much raw materials should be purchased to produce the number of units calculated in the production budget

Get the module that teaches what you need to know about product cost.
If you an accounting student struggling to understand the concept of product costing, you will find these sets of templates useful.
There are 9 lessons and one test in this module. Topics covered are:

An introduction to product cost

An introduction to allocating overhead: ABC versus Traditional

Job order costing using the traditional method of allocating overhead

Job order costing using ABC to allocate overhead

Process costing using the traditional method of allocating overhead

Process costing using ABC to allocate overhead

How product cost flows through the financial statement (job order costing)

How product cost flows through the financial statement (process costing)